NAC to Pay Dustin Yellin & Return Remaining ETH to Treasury

Description

In April 2022 the Nouns DAO voted on and executed Proposal 48 - Nouns Psychogeography Sculpture with Dustin Yellin, wherein the Brooklyn-based artist was commissioned to update the Leviathan image by creating PERSON, PLACE, or THING, a new sculptural portrait layering each Nouns avatar into one fantastic body. For the commission, Yellin hand painted the 402 Nouns minted in Year One, integrating them into a unique glass artwork to forge a record of the history of the Nouns DAO, while branding its newest emblem.

Upon acceptance of Proposal 48, the Nouns DAO compensated the artist with an initial deposit of 50ETH and made a donation of 100,000 USDC to the non-profit cultural center, Pioneer Works.

A second payment of 50ETH and 1 Noun NFT (Noun 252 from the Nouns treasury) was agreed to be paid upon completion of the PERSON, PLACE, or THING sculpture and its accompanying NFT.

Link to images of the finished sculpture: https://www.dustinyellin.com/d/6afb72 Link to the NFT: Psychoprogeny: https://opensea.io/assets/ethereum/0x3dde7d56735d5ab659544070679e9350d23d5b0b/2

This proposal formally requests the Nouns Acquisition Committee to:

1. transfer Noun 252 to Dustin Yellin Studio: 0x0B789Ef2A2cda2fb5B5c7cdB278C2Cb8BdC96e4C (address shared by Max Power in proposal 327).

2. In the event of Proposal 327 failing to pass, send 50 ETH to Dustin Yellin Studio: 0x0B789Ef2A2cda2fb5B5c7cdB278C2Cb8BdC96e4C (address shared by Max Power in proposal 327).

3. send any remaining ETH (140.85 or 90.85) in the Nouns Acquisition Committee back to the Nouns treasury.

The NAC multisig can be found here: https://etherscan.io/address/0x9298b97de93784635900163e582a5d9e570f35a5